Skyworks(SWKS) Prnewswire·2025-03-06 05:55Core Viewpoint - A class action lawsuit has been filed against Skyworks Solutions, Inc. for allegedly misleading investors regarding its business prospects and financial outlook during a specific period [1][2]. Allegations - The complaint claims that Skyworks created a false impression of having reliable information about its projected revenue and growth, while downplaying risks associated with smartphone upgrade cycles and macroeconomic factors [2]. - It is alleged that the company's optimistic reports on growth, earnings potential, and margins were not reflective of reality, as they overly depended on a partnership with its largest customer and the launch of that customer's new phone [2]. Stock Price Impact - Following the revelation of the truth in a press release on February 5, 2025, Skyworks' stock price plummeted from 65.60 per share, marking a decline of over 24% in just one day [3]. Class Action Participation - Shareholders interested in serving as lead plaintiffs must file their papers by May 5, 2025, and can choose to remain absent class members if they do not wish to participate [4]. Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless a recovery is achieved [5].